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We have a saying in Brazil that absolutely no part of our government works, except for our IRS. Pix is such a huge win for them. Brazil has a huge informal/ille
by lvass 2y ago
We have a saying in Brazil that absolutely no part of our government works, except for our IRS. Pix is such a huge win for them. Brazil has a huge informal/illegal economy that employs more people than those who are lawfully employed (40M vs 39M). We have an effective tax plus legal compliance rate of around 60%, that really stifles down anyone attempting to open a legit business in an already harsh environment. Pix has not yet been used to crack down on the informal sector, but with sufficient motivation and some data analysis, it absolutely can be.
- Vilian 2y ago>no part of our government works after learning a bit about other countries, i would argue that we are better than most, we just compare ourselves with first world european countries, but even when comparing with USA we are fine in a lot of fronts
- matheusmoreira 1y ago> Pix has not yet been used to crack down on the informal sector, but with sufficient motivation and some data analysis, it absolutely can be It will. Every single Pix transaction is reported to the tax authorities. It's only a matter of time.